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Reports Claim CVC Capital Seeking to Sell Flint Group

Financial Times Deutschland, Bloomberg report plans

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

According to Bloomberg News, Financial Times Deutschland has reported that CVC Capital Partner Ltd., which owns Flint Group, is looking to sell the ink manufacturer. Financial Times Deutschland cited unidentified people close to the companies.

In 2011, Flint Group reported sales of €2.2 billion, or $2.75 billion, in sales. According to the Financial Times Deutschland report, which appeared June 12, 2012, Flint Group had €310 million of earnings before interest, taxes, depreciation and amortization (EBIDTA).

CVC has retained Deutsche Bank AG (DBK) and Greenhill & Co. as advisers, according to Financial Times Deutschland, with about a dozen potential buyers having been contacted by CVC and the bank. Financial Times Deutschland added that while the process is in its early stages, a final decision is expected to be taken by June 18.

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